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Investors Breaking For Independence Day Weekend
Posted On 07/02/2009 17:29:56 by Roy Pope, Jr.

Unemployment statistics are up and the markets are down. Those were the headlines in the news throughout most of the day today. The DOW closed down today at -223.32 (-2.63%), Nasdaq down -49.20 (-2.67%), and the S&P 500 down -26.91 (-2.91%).

The markets will be closed this Friday in observance of Independence Day. The British are intentionally infecting themselves with the H1N1 "swine flu" virus by participating in what they call "Swine Flu Parties" and running the risk of contaminating innocent people that they come in contact with later. Rumors still linger that the North Koreans are going to treat America to a truly nuclear fireworks show this 4th of July weekend. And to top it all off, the US just launched a "major operation" in Afghanistan.

With all of the uncertainties plaguing us these days, it's no wonder that many stock market investors exited or reduced many of their positions today prior to the closing bell which, by the way, rang fifteen minutes later than normal this evening. This gives them at least a small break from financial worries and concerns as they head into the holiday weekend.

Besides, who knows if there will even be a tomorrow worth investing in after the North Korean government tries flexing their nuclear muscles at America?

If all goes well - and I'm certain it will - we'll all return to the markets Monday morning fully refreshed and ready to take on the business world. As it did the week following this past Memorial Day weekend, I suspect that the markets will take a northerly turn. Those who held tight to their stocks this week, in spite of the slump that the markets have been in lately, will most likely sigh a breath of relief as they watch their investments return to health. For those that sold this week with intentions of getting back into the game next week, I recommend getting in early.

Until then, nvestorz everywhere are wished a safe and happy Independence Day Weekend.

Tags: Independence Day Stock Markets Nuclear North Korea Afghanistan Swine Flu



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